Over the year to the end of May 2015, Henderson Smaller Companies generated a 20.4% return on net assets and a 28.2% return to shareholders both of which compare well to a 10.4% return on the Numis Smaller Companies Index for the same period and the average returns for HSL’s peer group (14.3% on NAV […]
The Board of Pacific Alliance Asia Opportunities has been worried about the fund becoming too small and believes a large number of shareholders want to swap their investment for one in the underlying feeder fund through which the fund invests. It is proposing therefore that the closed-end fund be wound up. they have called an […]
MedicX Fund Limited has announced that it has negotiated extended terms for the £50m private placement of loan notes issued in two tranches during August and December 2014. The renegotiation was facilitated by the original loan note arranger Independent Debt Capital Markets. The loan notes previously had a duration of five years maturing in August […]
John Laing Environmental Assets has bought two solar plants for £20.37m. Monksham Solar is located near Frome in Somerset, with a total generating capacity of 10.7MW and is accredited for 1.6 ROCs. John Laing Environmental Assets has bought all its ‘B’ shares plus other economic interests from the founding shareholders and Green Nation, the developers of […]
Cambium Global Timberland’s net asset value on 30 April 2015 was 23p per share compared with 40p as at 30 April 2014, a fall of 42.5%. Currency movements took off 8.5%, changes to the valuation of the timber assets and related provisions took of 26.3% and net expenditure on forestry and other costs accounted for the remaining 7.7%. £5m […]
Fidelity European Values, managed by Sam Morse (pictured) has announced its results for the six months ended 30 June 2015. During the period, the trust’s NAV total return was 6.1%, which was ahead of that of the FTSE World Europe (ex UK) Index of 4.1%. The share price total was even further ahead at 9.8% reflecting […]
European Assets Trust, managed by Sam Cosh (pictured) has published its interim results for the six-months ended 30 June 2015. During the period, the trusts share price and NAV total returns (23.3% and 22.9% in Euro terms respectively) beat the Euromoney Smaller European Companies (ex UK) Index, which returned 18.5% during the same. Not surprisingly, […]
Ashmore Global Opportunities has announced that, as part of the managed wind-down approved by shareholders in March 2013, it will return 129.49p and 131.77 US cents per GBP and USD share respectively, on 7 August 2015, by way of a compulsory partial redemption of shares. The redemption values are calculated by reference to the 30 […]
Intu Properties has released its interim report for the six months ended 30 June 2015, which show a 1.6% increase in NAV during the period (from 379p to 385p). Underlying earnings per share increased by 6% (from 6.4p to 6.8p per share), whilst a £162 million (1.9 per cent) revaluation surplus and the acquisition of Puerto Venecia […]
Fidelity Japanese Values has announced that Nicholas Price (pictured) will be taking over, as manager of the trust, from 1 September 2015. He replaces Shinji Higaki who has managed the portfolio for eight years. Nicholas has over 20 years’ experience in the Japanese equity market. He joined Fidelity’s Tokyo office in 1993 as a research analyst […]
